Optimize the Balance Sheet to Find Hidden Equity
Scrutinize accounts more fully to ensure the amounts are recorded properly and maximize the equity of your company.
Get Direct About Indirect Costs in Construction
Understanding a contractor’s true cost, including direct and—just as important—indirect costs, is imperative for success.
Topic 606: A Retrospective Review of Revenue From Contracts With Customers
The most significant impact of Topic 606 on construction contractors’ financial statements relates to the presentation of contract assets and contract liabilities,
Deconstructing the Income Statement
Historical data is used to analyze a contractor’s business when determining lines of credit, loans and surety bonds—or even when deciding whether to allow a
Focus on Financial Protections Before the Economy Slows Down
The economy will inevitably begin to slow, given historical patterns. It is best practice for contractors to prepare for this eventuality and determine what actions
Avoid Concentrations to Maintain a Diverse, Successful Construction Company
To mitigate risk, it is vital that contractors diversify where possible and actively manage potential concentration issues.
Tangible Working Capital and Tangible Equity: What Do These Ratios Mean to Your Business?
Contractors and their CPAs and sureties should discuss and evaluate their tangible working capital, tangible equity and other relevant ratios on a regular basis.